Cullen/Frost Bankers (NYSE:CFR) PT Raised to $131.00 at Stephens

Cullen/Frost Bankers (NYSE:CFR) had its price target boosted by Stephens from $116.00 to $131.00 in a report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Stephens’ target price suggests a potential upside of 10.21% from the company’s current price.

A number of other brokerages have also commented on CFR. Royal Bank of Canada raised their target price on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Friday. Truist Financial lowered their target price on shares of Cullen/Frost Bankers from $115.00 to $102.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Wedbush raised their target price on shares of Cullen/Frost Bankers from $106.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday. StockNews.com upgraded shares of Cullen/Frost Bankers to a “sell” rating in a research note on Saturday, May 4th. Finally, Jefferies Financial Group lowered their target price on shares of Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $117.79.

Cullen/Frost Bankers Price Performance

Shares of CFR traded up $1.15 during midday trading on Friday, hitting $118.86. 238,753 shares of the company traded hands, compared to its average volume of 443,912. The firm has a 50 day moving average of $102.40 and a 200-day moving average of $105.81. Cullen/Frost Bankers has a 52 week low of $82.25 and a 52 week high of $123.17. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.16. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same period in the prior year, the business posted $2.47 earnings per share. On average, analysts forecast that Cullen/Frost Bankers will post 8.42 EPS for the current fiscal year.

Institutional Trading of Cullen/Frost Bankers

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Cullen/Frost Bankers by 20.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock worth $85,451,000 after acquiring an additional 131,726 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in Cullen/Frost Bankers by 4.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 371,879 shares of the bank’s stock worth $40,345,000 after buying an additional 15,981 shares during the period. Oak Harvest Investment Services purchased a new stake in Cullen/Frost Bankers during the 1st quarter worth approximately $2,972,000. Goldman Sachs Group Inc. increased its stake in Cullen/Frost Bankers by 44.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock worth $86,619,000 after buying an additional 244,197 shares during the period. Finally, Morningstar Investment Management LLC purchased a new stake in Cullen/Frost Bankers during the 4th quarter worth approximately $1,280,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.